I need help choosing a 1031 QI and avoiding scams

[Robert L.]

Hi All,

Like many people needing to do a 1031, I am skeptical and concerned about scams.  

How should I choose a true Qualified Intermediary and know I am getting someone good at a reasonable price and know I wont get scammed?

Because my transaction is fairly simple, could I just do the papers myself and simply have the title/escrow companies transfer the funds from one office to another?

Or maybe I could use a QI to do my paperwork, but never send the money to the QI.  Instead, just have one title company send the sales proceeds to the other title company for the purchase?

The details about my 1031 are fairly simple... I have a vacant lot I am about to put under contract to sell in St Augustine Fl. I also have identified a vacant lot in Tampa Fl to purchase and negotiated verbally that is about to put in writing under contract. Both properties are selling/purchasing for $65K.

Thank you in advance for any help.

[Natalie Bender]

@Robert L. I am a Registered Rep and have worked with many clients that have used, Dave Foster and IPX1031. Both of which have been great and no complaints from clients or Sponsors. I would also like to recommend my go to QI; Weiming Peng with Excel1031. He goes above and beyond in terms of communication and education for his clients. He is in the Bay Area, but can process exchanges nationwide. 510-316-8078 ; [email protected]